Book Review: One Day by David Nicholls

It's so hard to find a good love story these days, one wonders if love itself is hiding in the shadows, waiting for someone to properly articulate its existence. David Nicholls did his best in 2009 with his book, One Day, adapted into a film starring Anne Hathaway. The film is good--I admit to crying at the end, despite knowing the plot--but not a true adaptation. 

From the beginning, Hathaway was a risky choice to play a rebellious, Doc Marten's-wearing character with a pen Shakespeare would envy. We see glimpses of youthful defiance when Hathaway wears an anti-war t-shirt and peace buttons on her jacket, but she plays the character as Desdemona to a second-tier Othello, whereas Nicholls wrote her character as far more interesting, more punk genius than lovelorn robin. 

Let me do my best to fill in the gaps in case you make the mistake of not reading the book. We all know the "Cinderella meets Rich Prince" motif has been explored to death, but Nicholls infuses Emma Morley with such verve, no one would dare think her inferior in any way to her would-be prince, Dexter Mayhew. Sadly, the film omits the written correspondence between the two protagonists as they travel in different directions, keeping in touch except for brief periods. Like Cinderella's spic-and-span work ethic, Emma's letters establish her as unjustly downtrodden, her descriptions of colleagues and roommates alternating between comedy and tragedy: "I asked him [a fellow theater actor playing a slave] to get me a packet of crisps [aka chips] in this café the other day and he looked at me like I was OPPRESSING him or something." 

It is within these same letters we understand Emma's unconditional love for Dexter, springing from the vast differences between them, including his privileged upbringing: "I know your whole childhood was spent playing French cricket on a bloody great chamomile lawn and you never did anything as déclassé as watch the telly..." Cinderella never mocked her prince, nor displayed the aptitude to do so, which is why such Disney stories are unappealing to intelligent adults. In contrast, Emma uses Dexter's status as modern-day royalty to showcase her sharp wit, and in doing so, make him a better man. Consequently, the best comparison to One Day isn't Cinderella or Othello, but a transposed riff on Pretty Woman, with Richard Gere's charm intact but his money replaced by intelligence: "Yes, you had to be smart, but not Emma-smart. Just politic, shrewd, ambitious," Dexter tells himself while considering career options.  

And yet, Dexter isn't exactly the male bimbo caricature the film makes him out to be. It's true the director makes us ache for Dexter's lost potential at every turn, at one point giving him as vacuous a girlfriend as imaginable, a showbiz tart who makes Kim Kardashian look worthy of a Nobel Prize in Physics. Dexter's portrayal is unfair because first, he's lost his mother to cancer, which clearly upends his very being, given his emotional distance from his disapproving father (who, interestingly, married a woman far more classy than he deserved, as both the film and book insinuate--at least until the very end). 

Moreover, unlike the stereotypical bimbo or cad, Dexter knows he's not smart, so he tries to find a niche where he can prove his worth. He knows the entire time he can't compete on any level-playing field in the real world, which is why he's so ashamed to face his mother's expectations, and why he's so smitten with Emma: "Without her[,] he is without merit or virtue or purpose..." For her part, Emma knows she's the perfect foil for Dexter, and without him, she wouldn't have a punching bag, er, muse capable of helping her reach Tysonian or Lewisian heights. Unfortunately, the film underestimates its audience by expressly telling us their union is about opposites attracting, even giving Dexter a ying-and-yang ankle tattoo (at least it wasn't on his lower back). 

There are so many ways to interpret the book--the proletariat's place in a bourgeois world being just one of them--I'll stop and let you explore Nicholls' writing yourself. If you've already seen the movie, here's one excerpt that should give you an idea of the book's higher workmanship: 

Here's to smart, witty, kind women. If you find one who loves you, cherish her and have a nice life. 

© Matthew Rafat (2019)

History Repeats Itself Because the Political Class Lacks Imagination and Courage

Everyone seems agog over Anand Giridharadas' ideas, but I'm not impressed with him--or anyone else commenting on America's slow but steady descent into an amoral police state. In fact, the more I study American history, the more I realize America's leaders have been repeating mistakes by copying ideas from the past without realizing different times need different solutions. During the most recent recession, for example, Congress was atwitter over whether to extend unemployment insurance, and it eventually did--copying its exact response from the Eisenhower era over fifty years ago: 

Q. Mr. Vandercook: Do you have in mind so far any intention of proposing legislation to assist the States to continue unemployment benefits beyond the 6 months' period, as that 6 months, in many instances, is running out? 

THE PRESIDENT. I have forgotten for sure whether that was in the bill that went to the Congress or not. I remember the subject was discussed by Mrs. Hobby in front of me, and I would have to ask Mr. Hagerty to give you the exact thing as to whether it was actually in the bill. 

From 2013-2014, Congress extended unemployment insurance by 3 months, then continued it another 3 months. (See HR 3546, 3813, 3824, 3936, etc.) Why the sameness? Here's where Anand Giridharadas succeeds: he points out the political class has no real interest in changing the status quo anywhere. 

Now go and look at the kinds of people who enter politics. In almost every single case, they are from an affluent background or lack the real-life experience to overcome secondhand information (President Obama and the military, etc.). If you are someone who genuinely desires to avoid humanity's cycles of political failure, which model do you turn to? The obvious answer is nonconformity, but that approach requires an engaged, compassionate, and principled class of youth. Pray tell, where are they? 

What's Up, Doc?

For as long as I can remember, I've wanted a pair of Dr. Martens workboots. Considering my total ignorance of punk rock and grunge, I don't know exactly what inspired this lifelong desire, but I suppose I know counterculture when I see it. Today, I received my first pair of Doc Martens' boots in the mail. Since I refuse, on Scottish-infused principle, to purchase any shoes costing more than 50 USD, I had to wait until I found an oddly-colored one on sale. (Tip: before buying, ensure you understand the differences between British and U.S. sizes--they're not the same.) 

The story of Dr. Martens' is an example of globalization and perfect timing. Though the boots are associated with Britain, the creator was actually a German military doctor named Klaus Märtens aka Klaus Maertens. A partnership with a friend from Luxembourg resulted in the business opening in Seeshaupt, Germany, where their comfortable boots were a hit with older women. That's right--Dr. Martens, now a counterculture fashion brand, succeeded because older women with foot problems cared more about comfort than style. From humble beginnings, eh? 

When a family-owned British boots company noticed the German design in an advertisement, it realized the comfortable soles would be perfect for blue-collar workers and purchased an exclusive license. After altering the heel and adding a yellow welt stitch and a two-tone grooved sole edge, Dr. Martens began production in the U.K. on April 1, 1960. As I said, the timing could not have been better: to be born on the cusp of a counterculture revolution means as long as you maintain quality, your brand will never die. 

A newer style. The company is trying to appeal more to a younger generation.

Sadly, Dr. Martens' lifetime guarantee no longer applies: 

From the 27th of March 2018, the For Life range will be discontinued. Dr. Martens will continue to honor all existing For Life guarantees on purchases made before the 29th of March 2018 and registered within 60 days of purchase. The For Life registration website will be deactivated on or about the 25th of May 2018.

If you bought a pair of boots before March 29, 2018 and registered it, you were the last consumers eligible for the authentic Dr. Martens experience. Being a Johnny-come-lately bloke, I'll be buying another pair in the distant future. On that date, I'll go as original as I can: the no-frills black ones, sale or no sale. 

Time to Reduce Exposure to American Stocks?

I told my U.S.-based family members to raise between 10% and 20% cash in any and all stock/investment accounts. I personally wouldn't mind if my sister and brother-in-law increased their cash/money market holdings to 30%, but they are young, and their youth makes it hard to suggest a more conservative allocation. (It doesn't help that bonds paying interest in U.S. dollars seem to be fairly valued.) My parents, who don't generally listen to me, told me they're already all in cash. 

I am still holding onto my General Electric (GE) shares, along with various REIT and other preferred shares, but I do not see much value in U.S. equities markets as of April 2, 2019. 

Shiller P/E is one useful metric to consider for overall valuation.

I suppose Kraft Heinz Co. (KHC), which I recently bought, looks cheap, but its debt load is considerable, and I don't have many shares of it. I like a few other individual U.S. stocks besides GE, but I allocated a considerable amount of my holdings to GE at an average of approximately $12.50/share, and I'll wait for a turnaround. I do hold a few international companies, but none I like enough to suggest publicly. If you're reading this post, good luck, and do your own due diligence. I am not an oracle of anywhere when it comes to investing. 

Disclaimer: The information on this site is provided for discussion purposes only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence. To summarize, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result. I am not responsible for any harm arising from following anything construed as advice herein. 

Miscellany

1. S&P 500 closed on 2867 on April 2, 2019, the date of this post. 

2. GE stock is around 9.26/share mid-day April 8, 2019. 

3. KHC is around 33.22/share mid-day April 8, 2019. 

Update on November 7, 2019 

1. S&P 500 closed on 3076 on November 6, 2019. 

2. GE stock closed at 11.02 on November 6, 2019. As far as I know, I have sold all my individual shares, but my positions may change at any time. 

3. KHC closed at 33.14/share on November 6, 2019.

As of November 7, 2019, I have a conservative portfolio, but my positions may change at any time. 

Update on February 1, 2020

The recent correction has caused me to deploy some of my cash. I have bought shares of XOM, CVX, PSX, GT, MUR, and various REITs. My positions may change at any time. You are responsible for your due diligence. 

Update on April 28, 2020

Markets declined substantially in 2020 because of the COVID19 pandemic, hitting a recent low on March 23, 2020 but have since retraced most of their losses. Though indices declined between 10 and 20%, REITs and oil companies declined around 40 to 50%--and have yet to fully recover. I continue to hold banks and oil companies, which are still paying dividends. Facebook's Libra digital currency has not made much progress, indicating USA banks are still strong as long as they co-opt or harness blockchain technology. I have not had General Electric (GE) stock for a while now. As always, my positions may change at any time. You are responsible for your due diligence. 

Update on March 24, 2021

GE stock closed at 12.50/share today. I did not benefit from the full recovery because I sold most or all of my GE shares a while ago. 

KHC closed at 38.23/share today. As with GE, I did not benefit from the full recovery because I sold most or all of the shares a while ago.

The S&P 500 closed at 3892 today. 

American indices have hit all-time highs or close to all-time highs. I have raised considerable cash, but my positions may change at any time. You are responsible for your due diligence.  

G. Willow Wilson: Deceptively Unassuming

For what she's accomplished, G. Willow Wilson ought to be the most cocky, arrogant person in the room, the archetypical superhero fond of snippy remarks. Instead, she's unassuming and kind, and you'd barely notice her if she didn't happen to wear a headscarf. Even her single-colored choice--unlike most Arab Muslims, who favor multi-colored, ornate patterns--is indicative of her desire to blend in. 

At East Bay Booksellers in Oakland, CA

And yet, despite her best efforts, Wilson simply cannot blend in. Following the same path as C.S. Lewis from atheist ("I was desperate for the secular truth that seemed so self-evident to other people.") to religion, she finally found a home in Sunni Islam after a journey taking her from Colorado's Rocky Mountains to Egypt, then Iran, leading to several profound epiphanies, including this one: 

"[W]hen a dictatorship claims absolute authority over an idea--in the case of Iran, Islam, in the case of Egypt, a ham-fisted brand of socialism--frustrated citizens will run to the opposite ideological extreme. [Consequently,] The Islamic Republic was secularizing Iran; in Egypt the short-robed fundamentalists multiplied and multiplied." (The Butterfly Mosque) 

I recently started one of her books, and I'm eager to see what's in store the rest of the way, especially after a passage as perfect as the following: "But I didn't yet have faith in faith--I didn't trust the connections I felt between mountains or memories, and if I had been a little more ambivalent, I could have allowed the Zagros [mountains] to be foreign, and the memory to be coincidence. Fortunately, I didn't." 

Rumble, young woman, rumble

Wilson was in Oakland, California to promote her latest book, The Bird King (2019), about a royal Spanish concubine and a mapmaker able to create maps from imagination, and in doing so, conjure the actual place. Despite her nonfiction and fiction oeuvre, Wilson is more famous for her rendition of Kamala Khan as Ms. Marvel in the comic book universe. Contrasting her books with her comics, Wilson said comics are challenging because the writing must be more structured and planned so the plot-lines don't conflict with anything or anyone in the shared universe. Surprisingly, despite the level of historical detail required for a novel like The Bird King, she doesn't outline: she writes, and in the process of writing, makes numerous notes to herself in the margins, reminding her to return to a certain passage to complete an idea or not to overlook a character's unique traits. 

Writing about ordinary people in a historical context was difficult--what shoes did Spain's Muslims wear, did they have chimneys?--but Wilson enjoyed the research, inspired by a DNA analysis revealing a tiny bit of Iberian and North African blood in her mostly Italian ancestry. For insights into costumes during the relevant time period, Wilson used Libro de los Juegos (Book of Games) by Alfonso X of Castile, published around 1283. 

She enjoys going on book tours because readers see things authors themselves haven't seen or patterns that can be invisible to the author. Her agent wishes she'd write a multi-volume series like Harry Potter, but she just writes in ways that make sense to her rather than setting out to create a particular comic book universe or "world building." Wilson finished her presentation by reading aloud from the first chapter of The Bird King, which she called "one of the most personal things I've ever written," about "finding love and lost knowledge." 

If you're a fan of unplanned journeys and finding love and knowledge in peaks and valleys, try to see G. Willow Wilson on her current book tour. Look for the woman trying her hardest to blend into the crowd, as if she were hiding a secret--perhaps even a superhero costume underneath her clothes. 

© Matthew Mehdi Rafat (2019)

Soniah Kamal explains Jane Austen

Despite a degree in English and several classes on Western/British literature, I've never finished a single Brontë or Jane Austen book. I relied on CliffsNotes, yellow and black summary booklets that save countless American college students. 

Older now, but none the wiser about British literature, I had a chance last night to ask author Soniah Kamal about Austen's pull on so many women, especially intelligent, highly educated ones from affluent families. Her response was brilliant, rendering me able to understand Austen's allure for the first time--a feat none of my college professors managed. 

Soniah Kamal with interviewer Rebecca Richardson

Kamal began by explaining Austen isn't about romance, but about social satire. More specifically, Austen used her pen to mock everyone, especially the upper classes. It's important to remember Austen grew up in a time when options were limited because of her gender. "Keeping up appearances" was vital for women to gain comfortable lives through their most straightforward avenue: marriage, a one-shot deal due to divorce being rare or available only in ways making wives destitute. 

Sadly, in Austen's time, women's dependence on men, whether brother or stranger, was almost total. Existing laws mandated inheritance to male heirs, so a father with three daughters and no sons would likely pass his entire estate to a male cousin--no matter how distant. To summarize, women's chastity and behavior were linked to familial reputation, which in turn was necessarily conservative because a lack of economic opportunities, coupled with sexist laws, buried women alive under social constraints. (My crude belief that the Brontë sisters and Jane Austen suffered from an inability to achieve orgasms, causing them to transfer their Victorian passion into literary dramas now seems grossly unfair. We can also see how such strict norms led to other injustices, most notably in the area of race relations, but that's another topic.) 

Kamal's approach is unique in that she recognizes such social constraints also buried men, who may not have wanted to support a family or even to get married. (Note Jane Eyre's Edward Rochester character, who was tricked into a bad marriage.) Kamal's multi-faceted explanation also helps us understand why Austen's modern-day audience tends to be affluent and educated, despite Austen herself being neither royalty (e.g., a Lady) nor rich. Though she wrote about what she knew, a scope neglecting the working classes, the quality making Austen's writing timeless is her recognition that marriage and "high society" involve appearances for the sake of social inclusion--and, more importantly, that such status can be lost with a single poor choice. (See "Bag Lady syndrome.") 

These themes of social inclusion and social mobility based on superficial traits mean every time someone buys a Louis Vuitton wallet or a Birkin bag, s/he's bringing Austen to life. When we watch Carrie Bradshaw buying a pair of imported Manolos, Austen is lurking in the background, waiting to pounce. Considering that most first marriages, even today, occur at a very young age and are therefore dependent in large part on familial support and reputation, Austen's work seems less outdated. Indeed, it's more accurate to say her muse midwifes itself from rebellion against social repression and constraints rather than Victorian-era sexual mores. Given the universality of youthful rebellion in the context of strict parents, Kamal joked that Austen didn't realize she was Pakistani, Bangladeshi, and perhaps even Italian. 

Let's talk about Soniah Kamal. My first impression was a woman once constrained by social norms, now ready to let loose--but in a manner befitting her social stature. Kamal, born in Pakistan and raised in London and Saudi Arabia, where she attended an international school, won't be seen anywhere near a dive bar, but her alligator skin shoes and colorful dress and scarf tell you she wants to be seen. And yet, I never once saw a prurient quality in her. Observing a photo after taking one with a fan, she decided it didn't meet her standards and told the photographer to "stand up" and try again. The photographer obliged. 

Incredibly, Kamal wrote her latest book, Unmarriageable (2019), a fusion of Pakistani culture and Jane Austen, in two months. She advises aspiring writers, often told to picture their audience that "There is no audience. You are your audience--write what interests you." 

Fans of Austen are familiar with a surfeit of emotion hidden under prim surfaces, and Kamal sheds tears easily. Waterworks occurred when she discussed a reader's poignant note; the unexpected revelation some people were using her book as a gateway to Jane Austen, her original inspiration; and two other instances. Despite my newfound respect for Austen's desire to give her characters more agency on the page than they had in real life, I won't be reading Austen's books. There are too many interesting female writers today, including G. Willow Wilson (The Butterfly Mosque), Chimamanda Ngozi Adichie, Michelle de Kretser (The Life to Come), Zadie Smith and, yes, Soniah Kamal. 

© Matthew Mehdi Rafat (2019)

Bonus I: "For what do we live, but to make sport for our neighbors, and laugh at them in our turn?" -- Jane Austen 

Bonus II: from Kwame Appiah's The Lies that Bind (2018), on Jane Eyre: 

Coming Back to America (2019)

Whenever I return from a long overseas trip, I try to share my thoughts about re-integration. My most recent trip around the world took about ten months, and I've been in the States about 10 days so far. 

1. When I was in SE Asia, especially the Philippines, I complained economic development revolved around shopping malls. Well, investors repeat what worked in the past, regardless of geography, and in the one week I've been in California, my life has revolved around shopping malls. Sigh. 

2. Retail differentiation is becoming nonexistent, causing more consumers to buy online--and countries more willing to demand tariffs against foreign competition. I went on a shopping spree yesterday, buying a new pair of shoes, two jackets, and a pair of casual pants. I didn't need any of them, but at 50% to 70% off at the local outlet mall, the entire experience set me back less than 100 USD.  

In the process of shopping, I realized every single clothing retailer had copied everyone else. Eddie Bauer, like Nike, makes DriFit shirts. Columbia's jackets, like Eddie Bauer's, have a side zipper pocket in the same breast area. For me, the main reason to choose one item over another came down to sizing, especially around the shoulders. Even in one store, a double XL would fit differently--Puma and North Face products seem to be the most inconsistent--and I continue to buy clothing and shoes made in Vietnam, Bangladesh, Jordan, or Indonesia whenever possible. Oddly enough, consumers don't seem to realize manufacturing location matters a great deal. 

After I wrote this post, I saw a unique retail item at Portland, OR-based KEEN.
It's a private company w/ 200m-300m in annual sales.

3. I had purchased many items online while traveling and was expecting outsized temporary happiness when I returned to my pile of self-bought gifts. Unfortunately, the pile of mail waiting me caught my attention first, and I haven't had a chance to get to all the items I bought in an attempt to self-compensate for missing X-Mas, my birthday, etc. 

Interestingly, I've already begun using the items I bought yesterday, indicating the mall experience could compete with online retailers if unique products are offered at competitive prices. The psychological allure of instant gratification isn't going away anytime soon, so once physical retailers become more lean, an equilibrium will be reached between the virtual and the physical--assuming brick and mortar stores prioritize customer service. 

4. America's most noticeable advantages over other countries are its environment and convenience. Pollution is much lower than most other countries. (Even highly developed Singapore has issues due to its proximity to Indonesia's active volcanoes.) As long as an American is in a major city, drinking tap water won't be risky. Traffic may be busy during peak hours, but for the most part, the flow is remarkably smooth. I can't tell you how lovely it is to know I can walk anywhere for as many weeks as I want without developing a cough--even though walking in most major American cities is uncommon because city planners and car lobbies (think: sales taxes) prioritize cars. 

As for convenience, Americans have too many options, and they're all easy to reach. In Guanajuato city, Mexico, a mountainous area, I had to walk up and down one block at a 70 degree angle just to get groceries--and that doesn't include the two flights of stairs installed to make it easier for locals to reach the main street. I actually enjoyed the experience, but I'd often return to my Airbnb only to realize some of the products I had bought had expired, especially the yoghurt. The rougher terrain makes it harder for regular deliveries and also for store/tienda owners to make a profit. 

Additionally, the lack of zoning or self-imposed owner restrictions sometimes meant two small grocery stores on the same small street often sold the same products. Lest you think competition would be more cutthroat, both employees would happily refer me to the other store if they didn't have a product (my favorite brand of milk is Groupo Lala, but another brand, Alpura, seems to do a better job in some neighborhoods). Incentives for honest service increase when the same employee sees the same customers regularly.  

5. History is easier to absorb in other countries because it's all around you. Most people realize that after WWII, the American government was able to impose its policies and processes in other countries, most notably Japan and Germany; however, even before then, borders were ill-defined and countries, especially in Europe, were seeking to expand. Such expansion efforts often caused more powerful countries to run roughshod over smaller ones, in ways Americans and Europeans never learn.  

Averell "Ace" Smith, in Commonwealth Club Magazine

From National Geographic (2019), on El Salvador

Seeing cannons in Cuba near the water helps one realize the importance of naval power--at least until the invention of fighter jets. Seeing forts in Lisbon and Scotland leads to an appreciation of military strategies and the reasons behind extended conflicts, especially if retreating to Northern Africa to regroup was possible. Touring the former Ford Factory in Singapore teaches us civilians are always targeted in invasions and wars, regardless of the countries or groups involved. And so it goes. 

In Singapore. Now a museum.

6. I have to cut this short because I have a job interview in 20 minutes... in a shopping mall. 

© Matthew Mehdi Rafat (2019)

Bonus I: an apt summary of America, from an El Salvadorean immigrant: "Life is cold here, but there is opportunity, and so we must endure." 

From National Geographic (2019)

At least there's free WiFi. 

Bonus II: when returning from any extended trip overseas, it's helpful to double-check several important dates: 

1. Your driver's license. In California, we're supposed to receive notice of automatic renewal (if eligible) two months before the expiration date, but it may be easier to study the written test and take it earlier. 

2. Your passport renewal date. 

3. Your insurance policies. You can typically renew online. 

4. Your credit and debit cards. If you order new cards, be sure to update all the apps and services (Uber, iCloud, etc.). 

5. Your tax filing date(s). You can file for an extension but I always try to finish before the official deadline. 

6. If you have investments, it's a good time to check all your accounts. 

7. Do you have any professional licenses? If so, check to see if you've caught up on all the requirements, including continuing education (CLE, fingerprinting, etc.). 

8. You're usually entitled to one free annual checkup every year, though lab tests may cost extra. If you haven't gotten one in the last year, consider making an appointment.

It took exactly 3 weeks before I felt like I'd caught up on everything, so give yourself as much time as possible before starting a new job.